TUCSON, Arizona — Epic Real Estate Partners of Austin, Texas purchased Rillito Crossing Marketplace, a health oriented, grocery and fitness-anchored neighborhood shopping center in Tucson.

Anchored by a newly renovated Sprouts Farmers Market and LA Fitness, Rillito Crossing Marketplace totals 96,418-square- feet and is located at 4202-4282 North 1^st Avenue in Tucson, at the northeast corner of North 1st Avenue and East Limberlost Drive.

The asset sold for $24.4 million ($253 PSF).

Built in 2008, the center is positioned in one of Tucson’s most dynamic retail corridor and serves a trade area stretching north to the affluent Catalina Foothills and south to the University of Arizona campus.

This is Epic’s second acqusition in Tucson metro, it also owns the Basha’s anchored, Ventana Village at Sunrise and Kolb in the Tucson Foothills.

Epic’s purchase of Rillito Crossing Marketplace also includes development of up to 28,000-square-feet of additional space on the one remaining pad on the southside of LA Fitness.

Dave Hammack and Greg Furrier of Cushman & Wakefield | Picor represented the seller, The Krausz Companies of San Francisco, CA.

Hammack and Furrier should be reached at 520.748.7100, for more information.

To learn more, see RED Comp #7328.

TUCSON, Ariz., – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Tuscany, a 107-unit apartment community located in Tucson, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Tucson office, the asset sold for $6.5 million ($60,748 per unit).

Hamid Panahi and James Crawley, investment specialists in Marcus & Millichap’s Tucson office, represented the seller and the buyer, both limited liability companies.

“Value-add opportunities continue to have strong demand, and our team has experience identifying assets that meet the needs of investors seeking to grow revenue through strategic improvement plans,” Panahi explained. “Tuscany’s new owners are in an excellent position to increase revenue with planned exterior enhancements and interior upgrades consistent with their Equinox brand.” Crawley added, “This marks the third multifamily acquisition that the buyer will have under their Equinox brand as they continue to add to their portfolio.”

Tuscany is located at 4399 East Pima Street in Central Tucson, Arizona. Developed in 1963, Tuscany is a 107-unit apartment community. The property offers residents direct access to many of Tucson’s key employment and retail epicenters. Proximity to Tucson Medical Center, The University of Arizona, Park Place Mall, El Con Mall, and a revitalized Downtown Tucson reinforces rental demand.

To learn more, contact Panahi at 520.719.6511 and Crawley at 520.719.6512.

TUCSON, Ariz.– Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, has announced the sale of Tenet Health, a 10,000-square-foot double-net-leased property located in Tucson, Arizona. According to Ryan Sarbinoff, regional manager of the firm’s Phoenix and Tucson offices, the asset sold for $5.1 million ($510 PSF).

Mark Ruble, Jamie Medress and Chris Lind, investment specialists in Marcus & Millichap’s Phoenix office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.

Tenet Health is located adjacent to the Interstate-19 freeway just south of Irvington Road in Tucson, Arizona. Ideally located just 15 minutes from Tucson International Airport and The University of Arizona, Tenet Health is also within the Tucson Spectrum, a major shopping center in the area. The property was built in 2019 on 1.32 acres of land and has 9.9 years remaining on its 10-year lease term with annual rent increases.